Y Combinator-backed Coinbase now selling over $1M Bitcoin per month

Customers of Coinbase , a platform for buying and selling digital currency Bitcoin, have bought or sold more than $1 million worth of Bitcoin in the past 30 days , a sign Bitcoin is beginning to boom again. Coinbase launched last year and aims to be “the PayPal of Internet-only currency .” It helps merchants and consumers by providing a Bitcoin wallet and platform to make transactions with the currency easier. The company claims that it has seen huge growth in the past three months, after it started letting users buy And sell Bitcoin by connecting any U.S. bank account . The success of Coinbase, along with other recent developments like WordPress accepting Bitcoin , are signs that Bitcoin is gaining serious traction once again. The decentralized currency is currently trading at $22.66 per Bitcoin on Mt. Gox , the largest Bitcoin exchange. San Francisco-based Coinbase was f...